The Treasury Department issued an interim final rule that "establishes a fee for parties filing a formal written notice of a transaction for review by the Committee on Foreign Investment in the United States.”
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CFIUS proposed a filing fee for parties submitting for review voluntary notices of transactions. Comments on the proposal must be submitted by April 8, 2020.
In an Executive Order, President Trump blocked a Chinese technology company's acquisition of StayNTouch, Inc., a U.S. software company.
Four corporations settled FTC charges for misrepresenting their compliance with the EU-U.S. Privacy Shield framework.
Five companies settled FTC charges for falsely identifying themselves as participants in the EU-U.S. Privacy Shield framework, which allows companies to transfer consumer data from the European Union and Switzerland to the United States.